FinancialNews
Volume 8 • Issue 4 • August 2011
Mr. Ohlendorf Goes To Washington
President/CEO Testifies on Behalf of ICBA, Community Banks
Greg Ohlendorf,
president and CEO of
First Community Bank
and Trust in Beecher,
Ill., testified before the
House Small Business
Committee on behalf
of the Independent
Community Bankers
of America (ICBA).
During his testimony, Ohlendorf discussed the regulatory burdens small business lenders face and voiced avid support
for the ICBA-backed Communities First
Act or CFA, (H.R. 1697), introduced by
Rep. Blaine Luetkemeyer (R-Mo.), which
would help community banks continue to
lend to small businesses and reinvest in
their communities.
“It’s these localized credit
decisions . . . that will
help restore America’s
economic strength.”
“The Communities First Act contains
many reforms that would improve the
regulatory environment and overall community bank viability, which would be of
tremendous benefit to our customers and
communities,” Ohlendorf said.
Ohlendorf went on to also voice strong
support for Rep. Bill Posey’s (R-Fla.) Common Sense Economic Recovery Act (H.R.
1723), which would establish conservative, common-sense criteria for determining when a loan is performing and would
provide for more consistent classifications.
“This bill would give community bankers
flexibility to work with struggling but viable
small business borrowers and help them
maintain the capital they need to support
their communities,” Ohlendorf said.
In addressing the Dodd-Frank Wall
Street Reform and Consumer Protection
Act, Ohlendorf said that the Consumer
Financial Protection Bureau (CFPB) should
use its authority to grant broad relief to
community banks where appropriate. He
also said that ICBA supports legislation
recently passed by the House Financial
Services Committee to reform the CFPB to
make it more balanced and accountable
in its governance and rule writing.
“Community banks are prodigious
small business lenders that have little in
common with Wall Street firms, mega-banks
or shadow banks that fueled the financial
crisis,” Ohlendorf said. “Community banks
have a much different risk profile because
our business model is built on long-term
customer relationships—we cannot succeed
without a reputation for fair treatment. We
make quality small business loans often
passed over by the large banks because
our personal knowledge of the borrower
gives us firsthand insight into the true credit
quality of a loan. It’s these localized credit
decisions, made one-by-one by thousands
of community bankers that will help restore
America’s economic strength.” n
Leading with Integrity, Excellence and Innovation
Member FDIC •
An Equal Housing Lender
www.firstcbt.com
Board of Directors
Harold H. Bruns
Chairman of the Board
David J. Cecich
Vice Chairman of the Board
Greg M. Ohlendorf
President
Jerry W. Baker
Secretary / Treasurer
John S. Biesterfeld
Bruce W. Bockelmann
Bradley D. Coats
David L. Dralle
Bruce A. Hackel
Brian T. Hruska
To view the video and full transcript of Ohlendorf’s testimony visit our website,
firstcbt.com. Look in the Resource Center to view the most recent Press Releases.
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FinancialNews
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First Community Gold Club News / Travel Club News
Our Gold Club is for those customers who are 55 years of age or better and have at least $1,000 in any combination of accounts with our bank. Members receive increased
rates on CDs, free check offers, two free dinners per year, and much more. Our Travel Club is open to all ages and can be enjoyed by customers and non-customers alike.
If you are interested in signing up for our Gold Club or for one or more of our trips, contact Irene Brothers today at 708.946.2246.
Saturday, August 13 • 4-11 pm • Firemen’s Park, Beecher
Food • 4-7 PM / Beverages • 4-11 PM
Bring an appetite for our ultimate summer barbecue! The Johnsonville Brat Wagon will be grilling their famous bratwurst along with hot
dogs and burgers! Other food and beverage selections include chips, nachos, ice cream, beer, pop and water! This a great way to spend quality family time at a very reasonable price!
Fun & Games • 4-8 PM
Keep entertained with all sorts of fun FREE activities! Inflatable jump house • 18-Foot GIANT slide! • Gold Fish game • Tattoo parlor •
Bean Bags • Bingo for prizes!
Live Music • 5-8 PM
Summer fun isn’t complete without some relaxing tunes! Grab your chairs and some food and drink and enjoy the afternoon listening to
the acoustic performance of local talent, Chris James. His smooth style and sound will be a perfect fit for a relaxing afternoon at the park!
Movie Under The Stars • 8:00 PM
Marty McFly’s having the time of his life. The only question is -- what time is it? Spread out your blanket or unfold your chairs and enjoy
a trip back in time with the classic comedic sci-fi adventure, Back To The Future. Take a picture with an actual DeLorean “Time Machine”
like the one used in the movie (minus the Flux Capacitor and the jets, of course.) Be sure to bring your camera!
(In case of inclement weather, the movie will be shown inside the Beecher Community Hall)
Party In the Park benefits the Beecher Beautification Commission
For complete details, visit www.firstcbt.com and download the Party in the Park flyer.
Document Disposal Day
Four Winds Casino
New Buffalo, Michigan
Thursday, September 29, 2011
Departs from our Peotone facility at 9:00 a.m., and
from our Beecher location at 9:30 am and returns
at 4:00 and 4:30 pm. The cost is $28 and includes
transportation, refreshments on the bus, a $10 food
voucher and a $15 instant slot credit. Join in the
fun! Payment must be made by September 10th. Call
Irene at 946-2246 to reserve your spot.
Bring your unneeded confidential documents to our
PEOTONE LOCATION, 650 Wilmington Road, and
have them shredded on-site for free.
* No need to remove paperclips or staples
* Information is protected and concealed
* Bring documents in a large garbage bag
SATURDAY, SEPTEMBER 10th 9:00-11:00 am
FinancialNews
First Community Investment Center News
PrimeVest Financial Services, Inc. is an independent, registered broker-dealer and registered investment adviser. Member SIPC/FINRA. Securities and insurance
products offered by PrimeVest: • Not FDIC/NCUSIF insured • Not financial institution guaranteed • Not a deposit • Not insured by any federal government agency
≠
• May lose Value. PrimeVest is located at First Community Bank and Trust.
First Community Investment Center is your place for sound investment advice. We have a full line of investment products that
may fit your financial needs: • Retirement Plans - Individual and Corporate, including rollovers and transfers, plus company
401(k) services • Long-Term Care Insurance • Tax-deferred Annuities • Mutual Funds • College Funding, and much more!
Contact one of our Registered Representatives at (708) 946-2246.
Financial Calculators Available Online
Our new web site, www.firstcbt.com, offers
powerful tools to help navigate the numbers
Sorting through the numbers, whether
for retirement planning, financing a major
purchase, or determining if a lease is
right for you, can be a daunting task. Our
online calculators quickly and easily help
you see the bigger picture.
For home financing, there are calculators to help determine if refinancing is a good
option, how much a fixed rate mortgage payment might be, whether to rent or buy, how
much home you can afford and more.
Personal financing calculators provide
information about car loans, paying off
credit cards, saving for college, loan payoff
periods, and debt elimination.
Investors might be interested in the
calculators that show the yield on their
portfolio, how to save a million dollars or
future worth of investments.
Retirement options include compari-
sons between Roth and traditional IRAs,
their worth at retirement, and adequate
funding for and spending in retirement.
There are also calculators that address
leasing issues and show how much lease
payments might be, what the rate could be
and what the residual would be.
Provided by TimeValue Software, these
calculators are free to use and let you
input the figures specific to your situation.
They make it easy to compare different
loan products or see how small changes
in percentage rates can have big effects on
monthly payments.
To use the calculators, go to firstcbt.
com and click on the Resource Center
tab. There you will find the link that will
take you to the complete list of calculators
available. No personal information will be
collected or retained in order to use these
financial planning tools. Take a tour of our
financial calculators and see what they
can do for you. n
*************************
The information provided by these
calculators is for illustrative purposes only.
The default figures shown are hypothetical and may not be applicable to your
individual situation. Be sure to consult
a financial professional prior to relying
on the results. The calculated results are
intended for illustrative purposes only and
accuracy is not guaranteed.
IRA / 401(k) Money Welcome Here
IRA and 401(k) retirement accounts are safe, reliable tools to help you prepare
for those golden years. We can help you roll over or transfer money from an existing
plan or get you started in a new one. It’s never too late, or too early, to plan for your
future. Contact Clint Squier in our Investment Center and get on the right track to a
stronger financial future.
Congratulations Jim Bultema for Winning June Raffle
Congratulations to Jim Bultema of
Beecher. His entry was selected in our
drawing for the Automotive Care Kit,
including the $75 gas card. His name was
chosen from over 600 entries. Items included with the gas card were a car wash mitt,
bucket, tire and wheel cleaner, protectant,
car wash solution, glass cleaner, interior
wipes and a travel coffee mug. Thank you
to everyone who participated in our raffles
this year. Watch for more of our Customer
Appreciation events. Next up: Party In The
Park! (See page two for details.) n
FinancialNews
Many services offered:
• 401(k) Plans: Individual
and Corporate
• Long-Term Care
• Tax-Deferred Annuities
• Mutual Funds
• College Funding
Contact our Registered
Representative Clint Squier
today at 708.946.2246
FinancialNews
Volume 8 • Issue 4 • August 2011
FinancialNews
US Postage
Paid
PRSRT STD
Beecher, IL
Permit #109
August 2011
In This Issue:
Page 1
Ohlendorf Testifies for Community
Banks
Page 2
PO Box 457 • Beecher, IL 60401-0457
TO:
Everyone’s Invited to our Party In
The Park on August 13
Page 3
Online Calculators at firstcbt.com
FCB&T Eco Challenge #20
Driving Habits Affect Gas Consumption
With gas prices still hovering near
$4 per gallon, it makes sense employ
driving methods that conserve gas.
The biggest gas-eating habits are
speeding and quick starts. Accelerating
requires the most fuel and a leadfooted driver that puts that pedal to the
metal may save a few seconds of time,
but will spend more in gas money.
According to Stephanie Dembowski, public affairs coordinator for
Arizona AAA Automotive, “It makes
a big difference, not to mention it is
also a safety hazard. Speeding and
rapid acceleration lower gas mileage
by 33 percent on the highway and
about 5 percent in town.” She added
that, based on figures provided by the
U.S. Department of Energy, every 5
mph driven above 60 mph can cost an
estimated 24 cents a gallon.
Other ways to boost your gas mileage
include:
• Make sure tires are properly inflated. Underinflated tires, which can
also be dangerous, can reduce fuel
economy as much as 2 percent.
• Use cruise control on the highway
to maintain a steady speed.
• Tighten the gas cap. Gasoline
evaporates quickly, and if you don’t
seal up that gas tank, it will leak
out. The Car Care Council estimates
that 147 million gallons of gas a
year will be lost to evaporation.
• Service your car. Your fuel economy
will drop if you have dirty air filters,
old oil, old spark plugs, old belts
or other low fluid levels. Keep it in
tip-top shape and save on your gas
and maintenance bills. n
FinancialNews
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